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If other forms of financial aid are exhausted, such as scholarships and grants, then you can use loans to cover the remainder of your Cost of Admission (COA). On our website we discussed the Loan Borrowing Order: Federal Perkins Loan - 5% Federal Subsidized Stafford Loan - 4.29% (No interest while attending university) Federal Unsubsidized Stafford Loan - 4.29% (Accrues interest while attending university) PLUS Loan - 6.84% Alternative Student Loans - Based on credit (typically a higher rate than federal loans) When you are down to your last option, alternative student loans, there are lots of important things to keep in… Read more here!
College is a serious financial undertaking. At first glance college can look like an unaffordable venture. However, there are multiple vehicles that can help you attend your goal institution without fear of not being able to afford it. These vehicles include scholarships, grants, and student loans. Despite the existence of financial aid, the anxiety of affording school can afflict students and their families up until the summer as they wait for their financial aid packages to be released! Applying for student aid through FAFSA and the CSS Profile is like playing the lottery - except everybody is a winner. Like… Read more here!
The CSS Profile stands for the College Scholarship Service Profile.. It is an online application offered by the College Board for nonfederal financial aid. The CSS Profile is used by almost 300 colleges, universities, professional schools, scholarship programs, and scholarships. Similar to the FAFSA, this application considers student and parent financial information in order to signify how much nonfederal financial aid the student is elibigle.However, the information you’ll need to provide for the CSS Profile is much more in depth than the FAFSA. Also dissimilar to the FAFSA, this application is not free. The CSS Profile has a $9 base Fee and it… Read more here!
The FAFSA helps provide funding for eligible students to make college more affordable. Filling out the FAFSA correctly and completely is of the utmost importance to be considered for substantial financial aid. WIth the FAFSA deadline quickly approaching (June 30th), it is imperative that all necessary adjustments, or corrections, are made. While going through your FAFSA with a fine-tooth comb, keep the following quick tips in mind: Federal Deadline for FAFSA Corrections is June 30th, 2016 You use your FSA ID to log in to your account, then click Make FAFSA Corrections to begin the editing process Check and make sure your… Read more here!
Going back to school shopping for yourself may not have been what you thought you’d be doing 20 years ago. But, with the ever changing job market there has been a drastic increase in adults returning to school to complete a wide variety of degrees. Some things have changed since the last time you attended class - one of the most notable changes being the ever-rising cost of tuition. However, one thing has remained constant, that financial aid is available to help make college affordable. In fact, there are more financial aid options available to you than your younger counterparts.… Read more here!
Categories: Financial Aid | Grants | Scholarships | Student Loans | Work Study | Financial Aid Applications | FAFSA | Go Financial Aid
Tags: adult student fafsa financial aid going back to school non-traditional student
Missing the FAFSA Deadline So you missed the FAFSA deadline. What now? First, deep breath. Second, keep reading. Affording college seems out of reach, but have no fear because there are more opportunities for you to get money for college. In order to make sure that you do not miss out on federal aid next year, make sure that you partner with Go Financial Aid and fill out the FAFSA on time and correctly. Scholarships There are a multitude of scholarships available for students to help afford college. There are scholarships based on your unique interests, field of study, minority… Read more here!
Federal student aid is generally allocated to those with a financial need or in a special circumstance, but students going to school for teaching can be an exception to that rule. This grant, funded by the U.S. Department of Education, rewards recipients with $4,000 a year for four years, saving you from $16,000 of school loans. You may be thinking, “Free money, that is not based on financial need…is there a catch?” Yes—Post graduation, you must serve a four-year term as a full-time teacher in a primary, middle, or secondary school in a high-need field and in a low-income community.… Read more here!
Cost is a factor for most people in deciding where to go to school, but with your financial aid package, you could end up paying far below sticker price. The equation used to calculate financial need is: COA-EFC=Financial Need. COA (cost of attendance) is the summation of all expected yearly expenses of attending of attending a particular college or university. COA includes tuition, room, board, books/supplies, transportation and other personal expenses. EFC (expected family contribution) is the amount your family is expected to contribute toward your education based off of your family’s financial strength, and it is calculated by filling… Read more here!
On Monday, April 29th the Department of Education announced adjustments to the 2014-2015 FAFSA, influencing the future financial aid eligibility for children of gay parents. To qualify for all major forms of financial aid, it is necessary that students submit the FAFSA (free application for federal student aid.) The FAFSA is intended to assess a family’s financial strength, and translate that into a monetary value that the family is capable of supplementing toward their child’s education. That value is also known as their EFC or expected family contribution, and is directly related to the amount of financial aid they will… Read more here!
Going to college is becoming increasingly unaffordable for many American families. According to a report by the National Center for Public Policy and Higher Education, college tuition and fees have stunningly increased nearly 570 percent over the past 30 years. An American family, on average, is expected to pay $9,000 a year for an in-state public college and more than $30,000 for a private college. Obviously, this is a huge difference for a lot of families, who are responding to the price jump by giving up the option of going to private colleges. There has been a substantial decrease in… Read more here!